Leadership Changes at MGM China: Kenneth Feng Appointed CEO
Kenneth Feng Takes the Helm at MGM China
MGM China Holdings has announced the appointment of Kenneth Feng as its new chief executive officer. Feng, aged 55, officially began his role as CEO on December 19, leading the Macau-focused casino operator into the next phase of its development.
Extensive Industry Experience
Feng brings a wealth of experience from his long-standing tenure within MGM China and its parent company. His career at the group dates back to 2001, during which he has held a variety of senior management positions across finance, strategy, operations, and development.
He has advanced through numerous key roles including serving as president, executive director of MGM China, and director of MGM Grand Paradise Limited. Feng initially joined the board as a non-executive director in May 2018 and subsequently took on broader responsibilities, including president, chief financial officer, and executive director over the past few years.
According to company regulations, Feng remains subject to retirement by rotation and re-election at the company’s annual general meetings.
His progressive leadership roles within MGM Resorts International included vice president of international operations in 2007, senior vice president in 2009, and executive vice president of MGM International Operations in 2017. These positions enabled him to develop significant expertise in global expansion and regulatory compliance, skills that are vital as MGM China navigates the challenges of Macau’s post-pandemic landscape.
Contract and Compensation Details
Feng has signed a fixed three-year contract with MGM China, receiving a base salary of $1.5 million per year. In addition, he is eligible for a discretionary bonus, which is determined by the company’s performance and his personal achievements.
According to MGM China’s 2024 annual report, Feng earned a total compensation of HKD 24.2 million (approximately $3.1 million) over the past twelve months. This total includes his base salary as well as additional benefits, retirement contributions, share-based payments, and performance incentives.
The CEO also holds 2,861,100 share options as part of the company’s share plan.
Leadership Transition: COO Change
Alongside Feng’s appointment, MGM China has announced a change in its chief operating officer position. Hubert Wang, who served as president and COO for 14 years, has stepped down to pursue other personal interests.
His responsibilities have been assumed by Tian Han, a seasoned MGM veteran who has been with the company since before the opening of MGM Macau in 2007. Most recently, Han served as senior vice president of gaming operations and strategic marketing.
